Russia: Guryevsk Works losses down in 2016
In 2016 Guryevsk Iron and Steel Works received 97 million rubles of net losses, down 4-fold YoY. In 2015 the company losses amounted to 382 million rubles, with 3.9 billion rubles in 2014. Last year revenue totaled 4.454 billion rubles, down by 15% YoY. Sales losses reached 70 million rubles as opposed to profit of…